Israel Real Estate

Two young Jerusalemites struggle to find a place to live, in a challenging market during a challenging time.

Beersheba's innovation district, high-tech park expansion, IDF relocations, new hospital, and renewed job centers are transforming the city into a leading hub with advanced employment opportunities.

4,700 apartments in 14 cities: The discounted apartment lottery is open for five weeks. 20% of apartments will be reserved for active reserve soldiers. Cities include Rishon LeZion and Kfar Saba

Neighborhood Corner: Situated in the eastern half of Israel’s eternal capital, the etymology of Mount Scopus reflects its historical role as a lookout point over Jerusalem.

The Land Enforcement Authority awarded seven local committees for excellence in enforcing building laws, based on criteria like indictments, court rulings, demolition orders, and violation surveys.

The Central District Committee will discuss replacing TAMA 38 in Rishon LeZion, allowing for 16,000 new apartments citywide. The plan includes earthquake reinforcements and gradual urban renewal.

Between May-July 2024, around 25,000 apartments were sold, a 32% increase from last year. Despite the surge in demand, unsold units rose by 19%, leaving around 70,000 apartments still on the market.

A Ministry of Finance review shows a 29% rise in July 2024 apartment sales vs. July 2023, with new sales up 51%. Investor activity and first-time buyer purchases also saw strong growth.

New guidelines to streamline Israel's housing construction process, potentially cut building permit approval times by 1 to 4 years, reducing delays and confusion in the current licensing process.

A review by the Ministry of Finance on the housing market shows a 29% rise in housing purchases in July 2024 compared to July 2023, with new apartment sales up by 51%.

The Tel Aviv District Committee approved submitting several urban renewal projects, including about 4,000 new housing units in two major cities in the Gush Dan. Which cities are involved?

Finance Minister Bezalel Smotrich and Health Minister Uriel Buso signed the permits for the new Beersheba hospital, which will include 600 beds and offer services integrated with hospitalization.

The Israel Land Authority issued a tender for 453 apartments in Ashdod under the "Target Price" program. The site will later include 1,000 units, towers up to 24 stories, commercial areas, and more.